02:47 AM EDT, 09/06/2026 (MT Newswires) -- Banan Real Estate (SASE:4324) unit Emaar Al-Waseel Al-Mutamayyizah will develop and lease a sports club in the Al Qirawan district of Riyadh, Saudi Arabia, to Armah Sports (SASE:6022), according to a Sunday release. The Saudi Arabia-listed real estate company's subsidiary owns the land where the sports club will be built. Meanwhile, the fitness brands owner will occupy the property under a 20-year rental agreement worth 110.4 million Saudi riyals. Armah Sports will open its B_FIT outlet for men at the planned location.

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